Cccg Real Estate Corporation Limited(000736) audited financial statements for 2021
Cccg Real Estate Corporation Limited(000736)
catalogue
Page I. audit report 1 - 7 II. Audited financial statements
Consolidated balance sheet 1 - 2 consolidated income statement 3
Consolidated statement of changes in shareholders' equity 4 - 5 consolidated cash flow statement 6 - 7 company balance sheet 8 - 9 company income statement 10
Statement of changes in shareholders' equity 11 - 12 cash flow statement 13 - 14 notes to financial statements 15 - 247 supplementary information
1. Detailed statement of non recurring gains and losses 1
2. Return on net assets and earnings per share 2
Audit report (Continued)
Ernst & Young Huaming (2022) Shen Zi No. 61377727a01 Cccg Real Estate Corporation Limited(000736) III. key audit matters (Continued)
Key audit matters how to deal with them in the audit
Revenue from real estate development projects was recognized in 2021. The audit procedures we performed for Cccg Real Estate Corporation Limited(000736) Test the effectiveness of the design and operation of internal control of 1444543199040 yuan related to the recognition of real estate sales revenue, accounting for the total key of operating revenue; 99.33% of the amount. 2. Check the terms of the house sales contract to evaluate the appropriateness of the accounting policies related to the recognition of real estate sales revenue;
The recognition of real estate sales revenue usually needs to meet the requirements of 3.5% at the same time For the real estate sales revenue recognized in 2021, the following conditions: the project has been completed and accepted, samples have been taken and the agreed delivery conditions have been met; Sign a formal house sales contract (1) check the completion Filing Certificate and the actual area, and obtain the buyer's payment measurement report agreed in the sales contract and the certificate in the house sales contract; The buyer has gone through the house handover procedures or the customs clearance agreement to evaluate whether the project has met the delivery conditions;
After receiving the written notice of house delivery, for refusing without justified reasons, (2) check the payment documents of the buyer; If you accept the delivery of the house, you have checked the house delivery documents in the written delivery notice (3), such as the delivery time limit agreed by the partner. Report, house delivery notice, house handover form, etc;
Due to the impact of real estate sales revenue on Cccg Real Estate Corporation Limited(000736) Co., Ltd As for the importance of the consolidated financial statements of the company for the items whose income is recognized before and after the balance sheet date, as well as individual real estate items, select samples, check the house delivery documents, and check whether the possible individual income recognition period in the sales income recognition of real estate development projects is correct in combination with the development product supervision procedures; Errors are summed up to Cccg Real Estate Corporation Limited(000736) 5 Analyze the sales revenue of major real estate projects and the operating results of the sales and financial statements that may have a significant impact on the cost, gross profit and gross profit margin; Therefore, we will increase the income of real estate development projects by 6 Check notes 3 and 24 of the financial statements and the notes, and confirm that they are identified as key audit matters. 5、 41 whether the disclosure related to income is appropriate.
For specific disclosure, please refer to notes III, 24 revenue generated from contracts with customers and notes V, 41 operating revenue and costs in the consolidated financial statements.
Audit report (Continued)
Ernst & Young Huaming (2022) Shen Zi No. 61377727a01 Cccg Real Estate Corporation Limited(000736) III. key audit matters (Continued)
Key audit matters how to deal with them in the audit
The provision of land value-added tax land value-added tax is one of the main taxes of real estate projects. The audit procedures we implement mainly include: 1.
According to the relevant provisions of the tax law, the land value-added tax is 1.5% Test the key payment methods related to the accrual of land value-added tax, which are the combination of internal pre collection and liquidation. The effectiveness of the design and operation of CCCC land control; When the management of the Property Co., Ltd. obtains the advance payment, it takes 2 Understand that the local tax bureau where the real estate project is located pays land value-added tax on the land according to the pre collection proportion, and carry forward the pre payment proportion of income value-added tax and the regulations of liquidation practice to the items of income statement. Fixed;
3. Obtain the land value-added tax calculation statement prepared by the management of Cccg Real Estate Corporation Limited(000736) on the balance sheet date and prepared by the management of Cccg Real Estate Corporation Limited(000736) system, and evaluate the amount of land value-added tax withdrawn by the management. The management of Cccg Real Estate Corporation Limited(000736) company evaluates the budget. When making the estimation, the income from the public sale of real estate by Cccg Real Estate Corporation Limited(000736) Co., Ltd. and the deductible items. The main factors considered by the management of the company include the estimation of the estimated sales target amount; Evaluate whether the management of Cccg Real Estate Corporation Limited(000736) Joint Stock Company Limited has the income from real estate and the estimated deductible land in accordance with relevant regulations, development costs, interest expenses and development expenses. In the final settlement of land value-added tax, the actual tax documents payable, the paid land transfer fee and construction and installation fee may be different from the estimated contract and relevant deduction vouchers of Cccg Real Estate Corporation Limited(000736) management, and check the amount of deduction items. Whether the amount is accurate;
As the provision of land value-added tax involves significant management 4 Obtain and check the land value-added tax liquidation report and payment judgment and estimation, so we will record the calculated and paid taxes of land value-added tax;
Identify as key audit matters. 5. Recalculate the accrued land value-added tax and combine the calculation results with Cccg Real Estate Corporation Limited(000736) for specific disclosure, see note III, 32 of the consolidated financial statements, and make greater accounting judgment and estimation of the amount recorded in the financial statements and note V, 42 taxes and attachments;
Add. 6. Check whether the disclosure related to land value-added tax in notes III, 32 and V, 42 of the financial statements is appropriate.
Audit report (Continued)
Ernst & Young Huaming (2022) Shen Zi No. 61377727a01 Cccg Real Estate Corporation Limited(000736) III. key audit matters (Continued)
Key audit matters how to deal with them in the audit
Evaluation of net realizable value of inventories on December 31, 2021, Cccg Real Estate Corporation Limited(000736) the audit procedures we performed mainly include: and the original book value of inventories in the financial statements is RMB 1 The test is consistent with the evaluation of the net realizable value of the inventory, which is 10969786197800 yuan, the amount of falling price reserves is 80376986771 yuan, and the book value is the effectiveness of RMB;
10889409211029 yuan, with a significant amount. 2. Inventories that may have significant impairment are identified from factors such as gross profit margin, turnover rate and market price, and are measured according to the lower of cost and net realizable value. Intermediate delivery items; Pay special attention to the real estate projects that have appeared unsalable Real Estate Co., Ltd. the management determines the real estate projects on the balance sheet date, and judge the net realizable value of major inventory projects withdrawn by the management. When determining the appropriateness of inventory falling price; In the process of net realizable value, Cccg Real Estate Corporation Limited(000736) 3 Obtain and check the inventory impairment working paper prepared by the third-party evaluation institution, the evaluation and relevant taxes issued by the management to make the latest estimation of the inventory project evaluation report of the products to be developed and the products under construction, or the estimated cost of the management's working hours, the estimated sales expenses, etc, And estimate the estimated selling price of the valuation Party's project adopted by the inventory to the net realizable value of the inventory (refer to the appropriateness of the real estate project method in the nearby area, and sample the latest transaction price adopted in the valuation). This process involves major key estimates and assumptions of management, including judgment and estimation with the estimation layer. The key estimates and assumptions related to the selling price are compared with the data available in the market and the estimated selling price of the inventory in the sales budget plan and the estimated price to be issued by the time of completion;
Costs incurred, estimated sales expenses and relevant taxes 4 The evaluation of the independence of the third-party evaluation organization involves significant management judgment and estimation. Therefore, we are objective and professional competent, understand and identify the evaluation of the net realizable value of inventory as the work scope of key appraisers;
Count items. 5. Review the management's calculation of the net realizable value. For the specific disclosure, see note III, 9 inventory and note III, 32 major accounting judgments and estimates and note V, calculation accuracy of the amount of inventory falling price reserves accrued in the consolidated financial statements;
5 inventory. 6. Check the relationship between notes III, 9, III, 32 and V and 5 of the financial statements and the variability of inventories
